On 10 January, the price of global benchmark Brent crude oil jumped 3.69 percent to $79.76 a barrel after the U.K. and U.S. placed additional sanctions on Russia’s oil and gas exports.
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EUROZONE ECONOMY REMAINS IN DANGER, NEW DATA SHOWS
Despite a pickup in the services sector, the Eurozone’s economy closed 2024 with a variety of data pointing toward a grim year ahead.
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GOING OUT OF BUSINESS TRENDS
The economic landscape has presented an array of challenges that will profoundly affect the business community this year.
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WHEN THE ECONOMY FALLS, JOBS GO WITH IT
The retail, restaurant, manufacturing, automotive, agricultural, and tech industries were hit hard with layoffs in 2024 as prices increased and demand slowed and will continue to see job cuts this year.
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L.A. FIRES WILL RAISE YOUR HOME INSURANCE PREMIUM
No matter how far you live from Los Angeles’s devastating fires, you can’t outrun the coming increases in your property insurance premiums.
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MORTGAGE RATES RISE TO HIGHEST IN SIX MONTHS
After falling to 6.2 percent in September, the average national interest rate on a fixed-rate, 30-year mortgage climbed back to 6.93 percent last week, its highest since July, the Federal Home Loan Mortgage Corp. reported.
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U.S. JOBS IN DECEMBER UP, TYPES OF JOBS LOW
Last month, the U.S. economy created an estimated 256,000 nonfarm jobs, the most since March 2024 and far more than the 120,000 to 200,000 that analysts had predicted. Unemployment ticked down from 4.2 percent to 4.1 percent.
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ISRAEL INTENSIFIES STRIKES ACROSS LEBANON, EVEN AS HAMAS CEASEFIRE APPEARS CLOSE
The IDF carried out strikes across Lebanon on Monday on what it identified as Hezbollah targets even as the tenuous ceasefire with the Lebanese group held, and a new truce with Gaza’s Hamas seemed close.
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GAZA DEATH TOLL
The death toll in Gaza reached 46,645 on Tuesday as mediators say a ceasefire between Hamas and Israel is closer than ever.
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TRUMP’S TEAM: THE BILLIONAIRES CLUB
U.S. President-elect Donald Trump may have won the presidency by appealing to middle-class Americans drowning in debt and stagnant wages, but he appears set on turning the White House into an influential country club packed with billionaires and industry titans who stand to benefit “greatly” from winning Trump’s favor.
